Elon Musk polled his more than 62 million Twitter followers about whether he should sell 10% of his Tesla shares
Tesla CEO Elon Musk is in theory the richest man in the world, with an estimated fortune of some $338-billion.LOS ANGELES - Another zany tweet or a real question? Elon Musk polled his more than 62 million Twitter followers about whether he should sell 10 percent of his Tesla shares, insisting he would do as voters say.
The over-the-top electric car maker's query follows a proposal by Congressional Democrats to tax the super-wealthy more heavily by targeting stocks, which are usually only taxed when sold. "Much is made lately of unrealized gains being a means of tax avoidance, so I propose selling 10% of my Tesla stock," Musk wrote, asking followers whether they agree"yes" or"no."Much is made lately of unrealized gains being a means of tax avoidance, so I propose selling 10% of my Tesla stock.Around 7pm, nearly 53 percent had voted in favour of selling.
Musk owned about 17 percent of Tesla's outstanding shares as of June 30, currently worth $208.37-billion, according to Bloomberg. The entrepreneur was also awarded a large package of stock options and convertible shares as compensation. Taking into account his stakes in his other companies such as neurotechnology firm Neuralink and especially SpaceX, Musk is, in theory, the richest man in the world, with an estimated fortune of some $338-billion, according to Bloomberg."I only have stock, thus the only way for me to pay taxes personally is to sell stock."
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